The country’s Financial Services Agency (FSA) have ordered Bitstation and FSHO to suspend business for at least a month, Reuters reports, after finding that Bitstation’s executive previously used customer funds for personal transactions, while FSHO allegedly failed to shore up customer protection.

The FSA’s sanctions on Thursday also caused Bitcoin prices to briefly plunge. At time of publication, Bitcoin’s price was down about 7% over the last 24 hours.

In addition to Bistation and FSHO, the FSA has imposed “administrative penalties” on five other cyrptocurrency platforms, including Coincheck, ordering them to improve their risk management to prevent further cyber hacks.

Following the announced FSA penalties, Coincheck CEO Koichiro Wada told reportersthat the exchange’s systems “weren’t in keeping with the expansion of our business.” The company has until March 22 to inform the regulator on its plans for improvement. It will also have to repay digital investors $434 million (46 billion yen) following the January heist.

Last year Japan became the first country to regulate cryptocurrency exchanges.

Neither Bitstation or FSHO could be reached for comment by media outlets.

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Unconstitutional Powers By Repetition

Usurpations by one branch of government, of powers entrusted to a coequal branch, are not rendered constitutional by repetition.

The United States Supreme Court held unconstitutional hundreds of laws enacted by Congress over the course of five decades that included a legislative veto of executive actions in INS v. Chada, 462 U.S. 919 (1982).

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Constitutional Republic Of The United States

True Federalism.

“The way to have good and safe government is not to trust it all to one, but to divide it among the many, distributing to every one exactly the functions he is competent to.

Let the national government be entrusted with the defense of the nation, and its foreign and federal relations; the State governments with the civil rights, law, police, and administration of what concerns the State generally; the counties with the local concerns of the counties, and each ward direct the interests within itself.

It is by dividing and subdividing these republics from the great national one down through all its subordinations, until it ends in the administration of every man’s farm by himself; by placing under every one what his own eye may superintend, that all will be done for the best.

What has destroyed liberty and the rights of man in every government which has ever existed under the sun? The generalizing and concentrating all cares and powers into one body.”